May 31, 2011

India - Rs. 63*.(subject to change, subject to differ..).
India buying petrol for 24 Rupees, Retail selling price in India is 63 Rupees(49% taxes..) and above. India can sell petrol for much lesser price.
**Update: now (May/2012) 78Rupees to 81 Rupees. Recently the union Govt. withdraw excise duty on Gold because of trader's demand. If the excise duty is active it could be a big income(50,000 Crores!) for the Govt. Its damn enough to decrease the petrol price and reduce the common man's burden.

Pakistan-Rs. 35.
Our friendly(?) neighbor Pakistan, selling petrol for 35 Rupees. Unlike India and other countries, Pakistan reduced its petrol price up to 9 Rupees. we have to learn this from Pakistan.

Venezuela - Rs. 2.(lowest price in the world).
In Venezuela, there is no price hike for petrol since 1998. The lowest price in the world. Probably the roads of Venezuela get stuck in traffic jam. (when will we get petrol for 2 Rupees..? )

Norway - Rs. 111.
Norway selling this price because of green causes, In 2008, Norway introduced a new tax called Carbon tax. This is To reduce the petrol usage and reduce carbon footprint (They are humans..).

1 comment:

We produce crude oil in Nigeria but refine it outside the shores of the country. The exported crude comes back to us in different forms including PMS (petrol). As of 1st January, 2012, a litre of petrol sold for 65 naira. But today a litre sells for 140 naira. This is crazy. They should fix our refineries and stop importing petroleum products. Will employers give their staff a salary raise or what?